Mint News Blog

News, Information, and Commentary on US Mint Products

Friday, June 4, 2010

Yellowstone Quarter Launch Ceremony

Yesterday, the US Mint held the launch ceremony for the Yellowstone National Park Quarter. A Mint News Blog reader was in attendance and provided a first-hand account of the event and some pictures.

A full recap of the event with pictures can be round in a separate article on Coin Update News:
Yellowstone National Park Quarter Launch Ceremony and Coin Exchange

Compared to the last quarter launch and especially the Lincoln Cent launch events, it seemed that there were far fewer coin collectors in attendance. Most of the crowd was reportedly made up of residents from surrounding areas and visitors to the park, who happened to hear about the event. Collector interest in these events seemed to have peaked with the launch ceremony for the "Formative Years" 2009 Lincoln Cent. Estimates on the number of attendees for that event ranged as high as 4,000, and it was referred to as "Woodstock for Coin Collectors."

The total number of quarters exchanged at the Yellowstone ceremony was lower compared to other ceremonies. There were 4,400 rolls worth $44,000 exchanged. This compares to 7,650 rolls worth $76,500 exchanged at the Hot Springs ceremony.

Fewer people also seemed to be taking the time to stamp and cancel the rolls. A special pictorial cancellation was available for the Yellowstone Quarter rolls and some collectors used stamps depicting Old Faithful. There were reportedly about 1,100 rolls canceled by the post office. Figures related to the number of cancellations aren't available from prior events, but I would guess that the numbers were higher.



At June 4, 2010 at 5:51 PM , Anonymous Anonymous said...

Let's be real. If there is no money to be made from selling cancelled and stamped rolls, then folks just aren't going to make the effort to do so.

Believe it or not, I saw the same phenomenon with Beanie Babies. If there's money to be made on the secondary market, folks will go crazy just to make a fast buck.

At June 4, 2010 at 8:01 PM , Anonymous Anonymous said...

No update on the 5oz? I guess it is still "Mid-year" or "Mid-summer"...I'm waiting for the day when someone chokes a Coinstar with one of those things.

At June 4, 2010 at 9:41 PM , Anonymous Brad said...

I didn't make the ceremony this time, since I was at Yellowstone on June 1st to cancel the "collector created" first-day coin covers. Navigating the park (heck, the entire state of WYOMING!) proved too difficult and time-consuming to try to make it back to the park on the 3rd for the ceremony. We had traveled to mid-state in Riverton for another vacation event my wife wished to attend on the 2nd.

At least we had already left Old Faithful a few minutes before 9 people got struck by lighting!

At June 7, 2010 at 6:40 AM , Anonymous JA said...

Not surprised at the lack of attendance. The Mint will have to learn that sometimes launching 2 similar campaigns back to back without a breather is like shooting a sequel to a movie too soon, often leading to disappointing results, bad scripts and fewer viewers.
To add insult to injury, you cannot find these coins at any bank.
Symptoms: waning interest, lack of publicity, lack of availability.
Diagnosis: slowly dying program.

At June 7, 2010 at 5:10 PM , Anonymous Anonymous said...

I Agree!

The coins are just not readily availible.

I makes me sick when i see some of the prices these greedy dealers are asking.

I still can't find some of the territorial quarters as well as the lincoln cents.

Time to change hobbies.


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